Moolec Science SA (NASDAQ:MLEC) Shares Shorted: Short Interest Down 68.4% in September

Moolec Science SA (NASDAQ:MLEC) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 2,821 shares, a drop of 68.4% from the September 15th total of 8,919 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 14,300 shares, the days-to-cover ratio is currently 0.2 days.

Moolec Science Stock Up 10.6%

Shares of MLEC stock traded up $0.18 during mid-day trading on Wednesday, reaching $1.89. 79,584 shares of the stock traded hands, compared to its average volume of 516,500. The company has a market cap of $1.38 million, a price-to-earnings ratio of -0.06 and a beta of 0.33. The stock’s fifty day simple moving average is $6.15 and its two-hundred day simple moving average is $7.16. Moolec Science has a 1-year low of $1.62 and a 1-year high of $23.22.

Moolec Science Company Profile

Moolec Science Ltd. is a food-technology and biotechnology company developing alternative sources of animal proteins through molecular farming. The company uses genetically engineered plants, including soybeans and safflower, as biological production platforms designed to produce specific proteins that can be used in food and other applications.

Its research and development programs have included “Piggy Sooy,” a soybean engineered to produce pork protein, as well as safflower-based production of animal proteins such as chymosin, an enzyme used in cheese manufacturing.